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Foreign Currency Convertible Bond |
Also found in: Acronyms | 0.01 sec. |
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Foreign Currency Convertible Bond A convertible bond that is issued in a currency other than the issuer's own. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency. For example, when an American company issues a convertible bond in euros because it intends to build a factory in Germany, this is a foreign currency convertible bond. Like all convertible bonds, an FSSB is a bond that a bondholder may exchange, at a certain price, for common stock in the company issuing the bond. The number of shares one receives for each bond and the price one pays for those shares are determined when the convertible bond is issued. This allows bondholders to take advantage of both the low risk of a bond and the potential price appreciation of the underlying stock. The FCCB also reduces the foreign exchange risk for the issuer. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | In the weeks before the year ended in March, the hospitality group repaid a quarter of its euro debt and a third of its dollar debt with FCCB buybacks at a huge discount. Byline: ANI New Delhi, July 8 (ANI/Business Wire India): Prakash Industries Ltd (PIL), a business house with interests in steel and power, is in the process to raise around 100 million dollars through an FCCB issue. The proceeds of this FCCB offering are intended to be used for financing the growth plans of REI Agro, including an increase in the company's processing capacity. |
FCCB |
FCC FCC FCC FCC FCC FCC (US) FCC (US) FCC (US) FCC (US) FCC auction FCC Class FCC Expert Panel on Quantities and Units fcc lattice FCC Mass Media Bureau FCC Memorandum Opinion & Order FCC Office of Engineering and Technology FCC Office of International Communications FCC Office of Plans & Policy FCC Private Radio Bureau FCC Public Information and Reference Services FCC Registration Number FCC Wireless Telecommunications Bureau FCC/MCSC FCCA FCCA FCCAA FCCANYS FCCAP FCCASF FCCAU FCCB FCCBAFCCBF FCCBJ FCCBL FCCBMP FCCC FCCCC FCCCHR FCCCI FCCCP FCCCU FCCD FCCDC FCCDF FCCDHH FCCDL FCCDLC FCCDP FCCDR Fcce FCCEA FCCEAS FCCEDC FCCEJ | |||||||
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